The tragedy of Thai asset allocation
Thailand’s state asset owners are showcases for the damage caused by poor governance. Data shows drift, a lack of good governance, and a basic failure by government to pay attention has doomed a generation of savers.
I was dismayed by a series of slides presented to AsianInvestor’s recent Hong Kong asset owner event. Our annual jamboree, AI Week, is usually an upbeat celebration of the industry’s progress, with our Asian Investment Summit the flagship conference for asset owners, fund managers and service providers.
But the case of Thailand shows that for this industry, two steps forward is followed by one step back.
Pisit Leeahtam, president of the Provident Fund Association of Thailand, pr…
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